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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Revenue from Contract with Customer, Excluding Assessed Tax $ 817,545 $ 634,525 $ 2,384,376 $ 1,783,961
Cost of sales 517,918 411,776 1,505,149 1,157,896
Gross profit 299,627 222,749 879,227 626,065
Selling, General and Administrative Expense 175,354 128,814 496,022 384,580
Restructuring Charges 791 7,263 2,596 10,281
Merger termination fee 110,000 0 (110,000) 0
Gain (Loss) on Disposition of Assets 0 0 (763) 0
Income from operations [1],[2] 233,482 86,672 491,372 231,204
Net interest expense and deferred financing amortization, net 13,192 18,418 43,481 55,881
Net periodic pension benefit (other than service costs) (11,363) (10,149) (34,268) (30,004)
Other (income) expense, net 794 (294) (1,366) 3,414
Earnings before income taxes 230,859 78,697 483,525 201,913
Provision for income taxes 54,893 18,181 97,711 46,456
Net earnings $ 175,966 $ 60,516 $ 385,814 $ 155,457
Net earnings per share:        
Earnings Per Share, Basic $ 3.19 $ 1.10 $ 6.99 $ 2.82
Earnings Per Share, Diluted $ 3.09 $ 1.10 $ 6.83 $ 2.82
Weighted average number of shares        
Basic (in shares) 55,232,000 54,982,000 55,225,000 55,104,000
Dilutive common stock equivalents (in shares) 1,707,000 118,000 1,301,000 48,000
Diluted (in shares) 56,939,000 55,100,000 56,526,000 55,152,000
Comprehensive income $ 163,011 $ 82,887 $ 372,037 $ 133,201
[1] Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2] Restructuring expenses are allocated in operating income by segment. See note 16 for further details.